9. Former name or former address, and former fiscal year, if changed since last report
Not Applicable
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Preferred A
0
Preferred B
20,000,000
Voting Preferred
200,000,000
Common
599,438,041
11. Are any or all of registrant's securities listed on a Stock Exchange?
Yes
No
If yes, state the name of such stock exchange and the classes of securities listed therein:
A total of 595,998,148 Common shares, and 20,000,000 Preferred “B” shares are listed with the Philippine Stock Exchange as of December 31, 2013
12. Check whether the issuer:
(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17.1 thereunder or Section 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of The Corporation Code of the Philippines during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)
Yes
No
(b) has been subject to such filing requirements for the past ninety (90) days
Yes
No
13. State the aggregate market value of the voting stock held by non-affiliates of the registrant. The aggregate market value shall be computed by reference to the price at which the stock was sold, or the average bid and asked prices of such stock, as of a specified date within sixty (60) days prior to the date of filing. If a determination as to whether a particular person or entity is an affiliate cannot be made without involving unreasonable effort and expense, the aggregate market value of the common stock held by non-affiliates may be calculated on the basis of assumptions reasonable under the circumstances, provided the assumptions are set forth in this Form
About P138.3 billion (based on bid price of AC common shares as of April 4, 2014)
APPLICABLE ONLY TO ISSUERS INVOLVED IN INSOLVENCY SUSPENSION OF PAYMENTS PROCEEDINGS DURING THE PRECEDING FIVE YEARS
14. Check whether the issuer has filed all documents and reports required to be filed by Section 17 of the Code subsequent to the distribution of securities under a plan confirmed by a court or the Commission.
Yes
No
DOCUMENTS INCORPORATED BY REFERENCE
15. If any of the following documents are incorporated by reference, briefly describe them and identify the part of SEC Form 17-A into which the document is incorporated:
(a) Any annual report to security holders
2013 Consolidated FS of AC, BPI and Globe and Exhibits and Schedules in PartV of this report
(b) Any information statement filed pursuant to SRC Rule 20
none
(c) Any prospectus filed pursuant to SRC Rule 8.1
none
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Ayala CorporationAC
PSE Disclosure Form 17-1 - Annual Report References: SRC Rule 17 and Sections 17.2 and 17.8 of the Revised Disclosure Rules
For the fiscal year ended
Dec 31, 2013
Currency (indicate units, if applicable)
in Thousand Pesos
Balance Sheet
Year Ending
Previous Year Ending
Dec 31, 2013
Dec 31, 2012
Current Assets
211,487,944
179,053,374
Total Assets
599,664,300
510,903,717
Current Liabilities
145,207,693
122,557,525
Total Liabilities
364,193,709
304,463,368
Retained Earnings/(Deficit)
92,639,781
83,268,077
Stockholders' Equity
235,470,591
206,440,349
Stockholders' Equity - Parent
74,365,279
66,525,978
Book Value per Share
230.68
208.78
Income Statement
Year Ending
Previous Year Ending
Dec 31, 2013
Dec 31, 2012
Operating Revenue
136,941,478
109,888,908
Other Revenue
22,470,066
20,681,616
Gross Revenue
159,411,544
130,570,524
Operating Expense
112,589,117
91,046,931
Other Expense
16,043,518
15,047,898
Gross Expense
128,632,635
106,094,829
Net Income/(Loss) Before Tax
30,778,909
24,475,695
Income Tax Expense
6,654,210
4,976,437
Net Income/(Loss) After Tax
24,124,699
19,499,258
Net Income/(Loss) Attributable to Parent Equity Holder
12,777,932
10,504,385
Earnings/(Loss) Per Share (Basic)
20.53
17.03
Earnings/(Loss) Per Share (Diluted)
20.39
16.92
Financial Ratios
Formula
Fiscal Year Ended
Previous Fiscal Year
Dec 31, 2013
Dec 31, 2012
Liquidity Analysis Ratios:
Current Ratio or Working Capital Ratio
Current Assets / Current Liabilities
1.46
1.46
Quick Ratio
(Current Assets - Inventory - Prepayments) / Current Liabilities
1.11
1.19
Solvency Ratio
Total Assets / Total Liabilities
1.65
1.68
Financial Leverage Ratios
Debt Ratio
Total Debt/Total Assets
0.34
0.34
Debt-to-Equity Ratio
Total Debt/Total Stockholders' Equity
1.43
1.41
Interest Coverage
Earnings Before Interest and Taxes (EBIT) / Interest Charges
4.75
4.88
Asset to Equity Ratio
Total Assets / Total Stockholders' Equity
4.18
4.12
Profitability Ratios
Gross Profit Margin
Sales - Cost of Goods Sold or Cost of Service / Sales
0.28
0.29
Net Profit Margin
Net Profit / Sales
0.19
0.19
Return on Assets
Net Income / Total Assets
0.04
0.04
Return on Equity
Net Income / Total Stockholders' Equity
0.1
0.09
Price/Earnings Ratio
Price Per Share / Earnings Per Common Share
25.23
30.35
Other Relevant Information
Liquidity ratio - 0.45 (2013); 0.66 (2012)
Filed on behalf by:
Name
Solomon Hermosura
Designation
General Counsel, Compliance Officer & Corporate Secretary